Fish n Grid
Fish n Grid – an automatic trading robot that works on multiple currencies. It takes advantage of the market's mean reversion characteristic with a calculated, dynamic, multicurrency grid system.
Fish n Grid – an automatic trading robot that works on multiple currencies. It takes advantage of the market’s mean reversion characteristic with a calculated, dynamic, multi currency grid system.
Main features:
- Fully automatic
- Easy one chart setup
- Multicurrency grid profolio
- Basically trading everyday
- Calculated parameters for each currency
- Dynamic stoploss occasionally during night market
- Manual control possible
Requirements:
- Hedging account
- Low spread raw ECN broker
- Minimum recommended deposit: 3000 USD
Recommended Set:
- Easy one chart setup
- Recommended pairs: AUDCAD, AUDCHF, AUDJPY, AUDUSD, CADCHF, EURCAD, EURCHF, EURGBP, EURJPY, EURUSD, GBPCHF, GBPNZD, GBPUSD, NZDCAD, NZDCHF, USDCAD, USDCHF
- Higher risk pairs: AUDNZD, USDCAD
How to set up:
- Download the EA on your MT4 terminal
- Open a chart of EURUSD H1 timeframe
- Drag the EA onto the chart and the default set file will be loaded
- Click the Multicurrency_Switch to “true”
- Choose your own lotsize settings at First_Order_Lot_Size and prepare the required deposit
- Change the Stoploss_In_Dollar setting according to your initial lotsize and your risk level preference
- For example: if you want 0.01lot as your startlot, then you need 3000USD minimum deposit and your Stoploss_In_Dollar is 3000USD
- Allow autotrading and start trading
Optional settings:
- Multiple chart set up:
- In case you don’t want to do one chart set up, you can click the Multicurrency_Switch to “false”, and drag the EA to each respective chart you want it to run
- Manual takeprofit/stoploss:
- The EA itself has its own preset TP/SL mechanism, but in case of extreme circumstances/your own personal judgement, you can freely close the entire chain of grid of the same currency for profit/loss to avoid drawdown. It won’t affect the EA’s proper functions.
- Prefix/Suffix for symbols:
- Some brokers have prefix/suffix for their currency symbols. Prefix/suffix detection can be enabled on the settings page of the EA.
User Manual & Backtest results:
https://www.mql5.com/en/blogs/post/752815
Disclaimer:
- Backtest result is based on historical data which does not guarantee future performance and profit
- Trade with an amount and a risk level you feel comfortable with
- Start with a demo account to understand the EA mechanism first
- A good ECN broker with low spread and a stable VPS are essential. Message me if you don’t have one
Trade safe! King Arius Official
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